Overview

The premises are comprised over ground floor and basement. Tenure The premises are available by way of assignment of an existing 15 year FRI. expiring on 7th April 2031, at a passing rent of £275,000 per annum exclusive.  There is tenant only break in year 10. The next rent review is at the 8th April 2021. The lease is contracted inside the Landlord and Tenant Act. Sublease Alternatively, the premises are available by way of a new sublease at a rent to be agreed. Terms Offers invited. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £487,500.00 and the rates payable are £250,087.50 pa. The UBR for 2018/2019 is 51.30p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

The shell and core unit occupies a prominent corner position on the northern side of Shaftesbury Avenue at the corner with Frith Street. Immediately to the south are a wealth of East Asian retailers and eateries in the world famous China Town. The location is served by numerous theatres, restaurants, bars and clubs and is one of London's premier evening entertainment areas. Extensive shopping and leisure facilities are located a short distance from the property in China Town, Covent Garden, Piccadilly, Leicester Square and Oxford. Retailers in vicinity include Pret A Manger, Bank of China, Wasabi Sushi, Bank of East Asia, and Ladbrokes.

Sizes and Measurements

Total Size

2,447sqft

Sales Area

2,147sqft

Gross Frontage Width

72 ft 9 in

Net Frontage Width

50 ft 5 in

Return Frontage Width

29 ft 2 in

Shop Depth

62 ft 3 in

Sales Width

39 ft 2 in

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

2,147sqft

Status

Available

Available from

Now

Basement

Details

Non-Sales

Size

300sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease End

07/04/2031

Next Rent Review

08/04/2021

Next Lease Break

07/02/2026

Lease type

Assignment

For rent

£275,000/pa

UBR

51.3p

Rateable Value

£487,500.00

Business Rates

£250,087.50/pa

Specification

  • Shop Lease For Sale
  • Internationally Renowned Address
  • Prominent Corner Position
  • A2 Consent.

Photos

81-85_ SHAFTESBURY AVENUE_ LONDON